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[Ion M. Cerga]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000

Kiosaky said that the real estate is on the of best ways to create long term wealth. We got our first home back in 2020 in summer, we had that home for a year and a half when we got it refinanced and we managed to get our monthly payment lower and the cash that we got was enough to procure us our dream home, 4 bedrooms, 2.5 Baths over 3000 sqf, two car garage, creen porch and a inground pool.

What made you interested in investing in this type of deal?

we wanted to grow our rental portfolio, and we moved to a dream home, meanwhile we made our previous house a rental.

How did you find this deal and how did you negotiate it?

Initial price was 375K we agreed for 355K and after we get the home inspection and the appraisal we managed to close it for apprased value 350k USD.

How did you finance this deal?

Money form cash out refi payed our closing costs and in the end I got paid as a buyer agant a commission.

How did you add value to the deal?

We wook advantage of the market and low interest rates to make this move.

What was the outcome?

more cash, flow more rentals.